The corrective phase of BTC, it seems, has started as the apex crypto lost 1.87% of its value in the last 24 hours. Hourly charts are red and people are getting nervous. The crypto greed and fear index has shifted from greed to neutral, and the net crypto ETF and the Bitcoin season are all but gone.
Why has the Bitcoin price crashed, though, and how would it impact users’ choice for the next best crypto to buy now?
Whale Profit Taking and Multiple Failed Attempts to Retest the ATH Dimmed People’s Confidence in BTC
The reasons behind Bitcoin’s price dropping aren’t mysterious. Ever since the King Coin crossed that golden $100K threshold, the entire market has been divided into two camps.
On the one hand are institutional investors vying to pump BTC by buying more, and on the other hand are profit takers who, believing Bitcoin’s parabolic days are numbered, are focusing on altcoins instead.
The tug-of-war created between these camps has made the price volatile, and the bears seem to be winning this time.
According to CryptoQuant, whales deposited over 12,000 BTC to exchanges this week, which is the highest since November 2024. As exchange reserves hit 2.43M BTC, the highest since May 2025, a bearish trend took hold. Whenever there has been more than 10K BTC transferred to exchanges within a short time frame, there have been 7 to 14 days of profit taking.
The second reason is crypto-collateralized loans, which have seen a massive surge this year. As over $1B worth of crypto was consolidated this week, the market became more fragile.
In terms of technicals, since August 14, Bitcoin has not been able to maintain its place around the 23.6% fib level ($121K), which led to the start of a short-term bearish trend.
According to Tradermayne, Bitcoin is currently locked in a weekly bearish SFP (Swing Failure Pattern), which has happened 15 times in the last 15 years. The analyst noted that there has been a massive reaction in the market 13 out of those times.
Will the Bitcoin price drop to new lows? It is likely. However, according to Canary CEO Steven McClurg, a major price action will only come once the apex crypto hits the $150K mark.
Talking to CNBC, he said that the market will have a bull run as monetary policy eases, but next year, a bearish price action could commence.
Best Crypto to Buy Now as the Market Struggles
As Bitcoin is struggling right now with whales’ profit-taking, people hoping to find the best crypto to buy now should look at altcoins. It is clear that the altcoin season is already here, as indicated by the altcoin season index chart below, so investors should check out those assets if they seek higher gains.
That being said, high-cap picks such as Chainlink and Monero are the top gainers today, but none of them could provide parabolic profits. Investors seeking those should consider the following ICOs.
Best Wallet Token
Bitcoin’s price action has once again fueled talk of altcoin season, with many traders now looking beyond the big caps for stronger returns. In this environment, finding quality altcoins early becomes essential, and that is where Best Wallet Token comes in.
Powering the Best Wallet ecosystem, the token allowed users to access the token launchpad, which gives holders early access to new and emerging altcoins before they hit the broader market. For investors, holding Best Wallet Token is essentially a ticket to spotting opportunities before the crowd.
Beyond the launchpad, the ecosystem offers several perks. Staking is available at a surface level, while portfolio management tools provide users with ways to track and optimize their assets in one place. Security is handled by Fireblocks, which adds institutional-grade protection to user funds, and the wallet also allows seamless buying and selling of cryptocurrencies.
Recent updates have added even more value. Support for Bitcoin swaps was introduced, followed by Solana integration, which means users can now engage directly with Solana-based tokens, including meme coins. The platform also unveiled a gamified points system where even simple actions, like opening the wallet, earn daily points, keeping engagement high and rewarding consistency.
Currently available on ICO, Best Wallet Token has already raised close to $15 million, a figure that reflects growing investor confidence. With its combination of practical features and early-access opportunities, it could be one of the most promising altcoin plays to watch this cycle.
Bitcoin Hyper
Bitcoin’s pullback has been a major factor behind the recent weakness across crypto, and meme coins have been among the hardest hit as evident by the cumulative meme coin market cap that is slipped below $69 billion.
That is why Bitcoin Hyper stands out as one of the few projects trying to rewrite Bitcoin’s story and bring a fresh narrative to the market. Unlike most meme coins, Bitcoin Hyper leans heavily on technology while still embracing its meme-driven appeal.
At its core, Bitcoin Hyper integrates Ethereum-inspired security to strengthen its ecosystem, giving investors a sense of safety not often seen in the meme coin space. It then builds on this with Solana Virtual Machine integration, making it faster and more scalable.
The Lightning Network is another pillar of its design, ensuring smoother and more affordable transactions, while the Canonical Bridge enables seamless interoperability across chains. These four elements together position Bitcoin Hyper as a rare blend of meme culture and real-world blockchain utility.
Beyond Bitcoin Hyper’s technology, the project’s bold meme imagery, combining Bitcoin-inspired symbolism with Pepe-style cultural aesthetics with a Superhero figure at the center is making it resonate with traders. This balance of memes and utility is what could drive demand in both the short term and long term.
Bitcoin Hyper has already raised above $10 million, showing strong market support.
Analysts say that it could explode upon listing on exchanges.
TOKEN6900
The recent Bitcoin price drop has once again exposed the influence of whale actors who rush to take profits the moment BTC touches new highs. It shows that even the largest players are not above making degen-style decisions, and that reality makes altcoins like TOKEN6900 an attractive option for traders looking to flip narratives into quick gains.
TOKEN6900’s appeal begins with its aesthetics. The project blends nostalgic late-90s internet visuals with a Gen Z meme vocabulary, making it instantly relatable for new-age traders while also striking a chord with older crypto investors who appreciate retro-themed designs. This aesthetic duality ensures the project can build a broad community, fueled by its tongue-in-cheek humor and unapologetic embrace of chaos.
Narratively, TOKEN6900 positions itself as a parody of SPX6900, mocking the serious façade of financial markets by leaning entirely into absurdity. Its memes are intentionally low-effort, AI-driven “slop” that resonate perfectly with the current humor of crypto Twitter and TikTok. For Gen Z traders, this level of irony feels natural, while veteran investors recognize the satirical commentary on how manipulated the broader market can be.
Despite offering close to no utility, TOKEN6900 has the potential to deliver an explosive exchange debut as a pure short-term meme asset. Its quirky identity, combined with a growing community of degens rallying behind its narrative, could make it one of the loudest meme coins in the space.
Investors are calling it the best meme coin to have launched in 2025.
Conclusion
Bitcoin’s recent downturn has made investors nervous. However, it is not the end of time. Institutional players are still in the running and bulls are still strong. That being said, profit-takers may continue to emerge, which means investors should take an alternative route by diving into crypto ICOs. The top cryptos that could be found among them offer a mix of utility and virality.
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Source: https://en.cryptonomist.ch/2025/08/18/best-crypto-to-buy-now-after-bitcoins-sharp-drop-to-115k/